Tag: phl
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PHL economy likely grew more than 6% in Q2 — Finance chief
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THE PHILIPPINE ECONOMY likely grew faster in the second quarter amid better state spending and increased household consumption, the Department of Finance (DoF) said. “If you’re talking about growth rate for the second quarter, I think we’re pretty optimistic. It will be higher than the first (quarter),” Finance Secretary Ralph…
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PHL not ready to continue stock mart trading during typhoons — analysts
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THE Philippines is not ready to implement continuous stock market trading during typhoons as technical adjustments are required, analysts said.
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PHL to resume sugar exports to US
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THE PHILIPPINES will resume exports of raw sugar to the United States amid an increase in domestic production this year, the Sugar Regulatory Administration (SRA) said in an order.
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JICA keen on funding more road, railway projects in PHL
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THE JAPAN International Cooperation Agency (JICA) is keen on providing more funding support for road and railway projects in the Philippines. “We are very keen and enthusiastic not just to maintain but to expand our cooperation with the Philippines as a most reliable partner,” JICA Chief Representative in the Philippines…
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PHL consumer demand seen to remain muted
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DOMESTIC DEMAND in the Philippines and other emerging Asian economies is expected to remain muted amid a high interest rate environment, S&P Global Ratings said. “Consumer demand is more subdued in the Philippines with elevated interest rates (with the policy rate at 6.5%) and weak consumer confidence,” S&P said in…
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ADB keeps PHL growth forecasts unchanged
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THE ASIAN Development Bank (ADB) kept Philippine economic growth forecasts for this year and in 2025 unchanged as expected monetary easing will likely lift investments and consumption. In its latest Asian Development Outlook, the multilateral lender said it expects Philippine gross domestic product (GDP) to grow by 6% this year,…
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AMRO trims PHL growth forecasts
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THE ASEAN+3 Macroeconomic Research Office (AMRO) trimmed its Philippine economic growth forecast for this year and in 2025, amid slowing external demand. In its latest update, AMRO sees Philippine gross domestic product (GDP) expanding by 6.1% this year, slightly lower than the 6.3% in the April report. Despite the downgrade,…
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PHL likely to grow by 5-6% this year — House think tank
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THE GOVERNMENT of President Ferdinand R. Marcos, Jr. might have done enough pump-priming and should let the private sector take on a bigger role in boosting the economy, according to a congressional think tank.
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PHL likely to be ‘big winner’ once India eases rice export restrictions
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THE PHILIPPINES is seen to benefit the most from an expected decline in global rice prices once India relaxes restrictions on rice exports, Nomura Global Markets Research said. “We expect the Philippines to be the biggest winner in Asia, given the high share of rice in its consumer price index…